Project Opportunity is a talent search and encouragement program that attempts to identify disadvantaged students with academic potential. The purposes of the program are: (1) to increase their academic achievement; (2) decrease the dropout rate; (3) increase the number continuing in higher education; (4) augment their knowledge of vocational opportunity; (5) improve their self-image; (6) broaden their cultural and recreational experiences; and (7) encourage them to remain in the South. The Project identifies participants at the 7th grade and continues working with them for at least 6 years; it places primary emphasis on guidance services. This booklet presents: (1) the history of the Project; (2) its organization and financing; (3) a description of the students; (4) a discussion of the guidance services; (5) the contributions of sponsoring colleges; (6) discussions of both the summer and (7) school-year programs; and (8) some future plans. The organizational structure of the Project, Project personnel, and members of Local Policy Committees are included in the appendix. (AF)